Empirical Asset Management LLC Buys New Stake in NICE Ltd. (NASDAQ:NICE)

Empirical Asset Management LLC purchased a new position in shares of NICE Ltd. (NASDAQ:NICE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,642 shares of the technology company’s stock, valued at approximately $2,996,000.

A number of other institutional investors have also modified their holdings of the stock. Bruni J V & Co. Co. purchased a new position in shares of NICE during the 3rd quarter valued at approximately $22,849,000. Asset Management One Co. Ltd. increased its holdings in NICE by 13.5% in the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after buying an additional 5,629 shares in the last quarter. Parnassus Investments LLC increased its holdings in NICE by 1.5% in the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock valued at $89,794,000 after buying an additional 7,635 shares in the last quarter. Buckingham Capital Management Inc. raised its position in shares of NICE by 43.5% in the third quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock worth $3,337,000 after acquiring an additional 5,829 shares during the period. Finally, Kopion Asset Management LLC acquired a new stake in shares of NICE during the 4th quarter valued at about $7,433,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Cantor Fitzgerald started coverage on NICE in a report on Friday. They issued a “neutral” rating and a $176.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 target price on shares of NICE in a research note on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Citigroup upped their price objective on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, NICE presently has an average rating of “Moderate Buy” and an average price target of $253.93.

NICE Trading Down 1.1 %

NICE opened at $162.40 on Friday. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73. The firm has a market capitalization of $10.21 billion, a PE ratio of 25.14, a PEG ratio of 1.13 and a beta of 1.06. The firm’s 50-day moving average price is $177.51 and its 200 day moving average price is $174.26.

NICE Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.